India extends EV traction motor localisation deadline to September
Manufacturers allowed continued imports before cutoff
Change
India extended by six months the localisation deadline for electric bus and truck traction motors under the PM E-Drive scheme to September 1.
Why it matters
After September 1, eligibility for incentives requires domestic assembly of specified traction motor components under phased manufacturing rules.
Implications
- — EV manufacturers can continue imports temporarily — production continuity maintained
- — Post-deadline non-compliance removes subsidy eligibility — cost impact significant
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